Average price of all wheat at $8.55 in January

February 04, 2008
-
by FoodBusinessNews.net Staff

Share This:

WASHINGTON — The preliminary national average price received by farmers for all wheat in January was $8.55 per bu, up 81c from $7.74 in December and $4.02 above the January 2007 average of $4.53, the U.S. Department of Agriculture said in its January Agriculture Prices report (click

The national average price received for winter wheat in January $8.33, up 67c from $7.66 in December and $3.80 above the January 2007 average of $4.53.

The average price for durum was $13.40 per bu, up $1.80 from $11.60 in December and up $8.69 from the January 2007 average of $4.71.

The price for spring wheat other than durum, at $8.38, was 92c above the December average of $7.46 and $3.87 above the January 2007 average of $4.51.

The average price received for rice was $11.60 per cwt in January, up 30c from $11.30 in December and $1.20 above the January 2007 average of $10.40.

The preliminary index of prices received for food grains in January was 261% of the 1990-92 base of 100, up 7% from the revised December index of 244 and up 72% from 152 in January 2007.

The January index for feed grains was 186, up 11% from a revised 167 in the previous month and 38% above the January 2007 index of 135. The average price received by farmers for corn in January was $4.28 per bu, up 52c from $3.76 in January and $1.23 above $3.05 in January 2007. Farmers received an average of $8.23 per cwt for grain sorghum in January, up $1.30 from $6.93 in December and $1.92 above $6.31 in January 2007. The average price paid for oats in January was $2.71, up 2c from December and 51c above January 2007.

The U.S.D.A. index of January prices received for oil-bearing crops was 196, up 11% from a revised 177 in December and 72% above 114 in January 2007. The national average price paid to farmers for soybeans was $11 per bu, up $1 from December and $4.63 above $6.37 in January 2007. The average price paid for sunflowerseed was $20.90, up $1.70 from $19.20 in December and $7.10 above $13.80 in January 2007.

The January index for dairy products was 158, down 4% from a revised 165 in December but up 42% from 111 a year ago. The average price paid for manufacturing grade milk in January was $20.10 per cwt, down 70c from $20.80 in December but up $6.20 from $13.90 in January 2007.

The poultry and egg index was at 157 in January, up 2% from 154 in December and 17% above 134 a year ago. The average price paid to farms for all eggs was $1.29 per dozen in January, down 7c from $1.36 in December but 37c above 92c in January 2007.

Comment on this Article

The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.
Enter code as it is shown (required):